126.Refer to the above labor market diagram where Dis the labor demand curve, Sis the labor supply curve, and MRC is the marginal resource (labor) cost curve. An inclusive union could increase the level of employment above that which the monopsonist would provide if it could get the monopsonist to agree to any wage rate: A. below $7.B. between $5 and $8.C. above $5.D. above $8.

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127.Minimum-wage legislation is lesslikely to have adverse effects on employment when the: 128.Critics of minimum-wage legislation argue that it: 129.Many economists are critical of the minimum wage because they believe that it: 130.Unions might support a higher minimum wage because: A. their constitutions obligate them to do so.B. they feel a higher minimum wage will lower labor's tax payments for welfare programs.C. a higher minimum wage makes less-skilled workers less substitutable for union workers.D. the minimum wage is better targeted than are alternative income-maintenance programs.131.Critics of the minimum wage argue that as an antipoverty device it is "poorly targeted." By this they mean that: 132.If the minimum wage is set too high, in some labor markets we can expect to see: 133.Increases in the Federal minimum wage during the 1990s:

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